Re: Centralised Exchanges are the Biggest Enemies of Bitcoin
The ideology behind crypto is freedom and liberty from the current government system(s) that are inherently wrong and elitist.
HOWEVER
Centralised exchanges such as Coinbase, Kraken and Binance take a noble idea of bringing Bitcoin to the masses and mock it by affiliating with governments (and governmental agencies) that the very concept of Bitcoin is designed to rebel against.
Big CEXs are killing the original bitcoin spirit by forcing users to pay tax on gains, freezing user's assets, preventing users from using their service depending on their IP and more.
This is horrible. This is not what bitcoin is. This is not freedom. This is not liberty.
Taxes contribute to the regimes that so many of us are against. How can we continue using companies whose values don't align with ours?
Taxes are theft and fund wars and needless bloodshed in countries such as Iraq, Afghanistan and more.
The solution is pretty clear: More projects need to be released that are focused on building sustainable decentralised solutions to enable users to trade and purchase bitcoin (and crypto in general). Right now the main areas of focus need to be security and simple UI/UX interfaces.
And we need to stop using CEX and funding what we are all against.
HOWEVER
Centralised exchanges such as Coinbase, Kraken and Binance take a noble idea of bringing Bitcoin to the masses and mock it by affiliating with governments (and governmental agencies) that the very concept of Bitcoin is designed to rebel against.
Big CEXs are killing the original bitcoin spirit by forcing users to pay tax on gains, freezing user's assets, preventing users from using their service depending on their IP and more.
This is horrible. This is not what bitcoin is. This is not freedom. This is not liberty.
Taxes contribute to the regimes that so many of us are against. How can we continue using companies whose values don't align with ours?
Taxes are theft and fund wars and needless bloodshed in countries such as Iraq, Afghanistan and more.
The solution is pretty clear: More projects need to be released that are focused on building sustainable decentralised solutions to enable users to trade and purchase bitcoin (and crypto in general). Right now the main areas of focus need to be security and simple UI/UX interfaces.
And we need to stop using CEX and funding what we are all against.
Is it really the CEXs that force you to pay TAX on gains or your Country? I thought those were fees on trades
I believe that traders should know better now not to keep hodling their crypto bags on CEXs, so that they can reduce all these issues of wallet freezing and as for preventing their services to some location, I know some inline stores do that too like they don't ship to your country so not all regions will enjoy every service by some organization or Business.